2025-11-14T09:48:24+00:00 2024-12-31 346565596 ERNST & YOUNG US LLP 101 E WASHINGTON ST PHOENIX AZ 85004 990 2024-01-01 740548665 Catholic Life Insurance CATH 2108289921 1635 NE LOOP 410 SUITE 400 SAN ANTONIO TX 78209 COLLEEN Z BERGER SVP/CFO 2108289921 2025-11-14 true true Steven T Rutti P00775456 6023223000 2025-11-11 2024 2025-03-06 01:10:19Z COLLEEN Z BERGER 1635 NE LOOP 410 SUITE 400 SAN ANTONIO TX 78209 244354216 false X CLIU.COM X 1901 TX CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS. 9 8 83 371 0 0 0 99339200 56537205 53717765 53713345 -277719 -387485 152779246 109863065 0 0 144396888 129808871 7344662 6960200 0 0 0 -3195273 -29284778 148546277 107484293 4232969 2378772 1265111807 1233652419 1150782266 1117766101 114329541 115886318 CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS. false false CATHOLIC LIFE INSURANCE IS A FRATERNAL BENEFIT SOCIETY THAT OFFERS LIFE INSURANCE AND RETIREMENT PRODUCTS. 0 false false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 26532 0 true 83 true false false false false false false false false X 9 8 false false false false true true true true true false true true false true true true true true true true false false X COLLEEN Z BERGER 2108289921 1635 NE LOOP 410 SUITE 400 SAN ANTONIO TX 78209 Christopher Michael Belz President/CEO 38.5 0.0 X X 356216 0 33053 Danny J Nortman Director 4.0 0.0 X 21166 0 0 Dennis R Matthiesen Director 4.0 0.0 X 22816 0 0 Dianne Cerny Director 4.0 0.0 X 21973 0 0 Eva Martinez Director 4.0 0.0 X 18966 0 0 Felix Skarpa Director - END 06/01/24 4.0 0.0 X 15802 0 0 Harry Allen Strickland Director 4.0 0.0 X 18966 0 0 John Raabe Director 4.0 0.0 X 22266 0 0 Roland DeWinne Jr Director 4.0 0.0 X 24774 0 0 Tara L Durbin Director - BEG 07/13/24 4.0 0.0 X 10544 0 0 Colleen Z Berger SVP/CFO 38.5 0.0 X 236082 0 52290 John Michael Luksa SVP/Director of Sales - END 06/01/24 38.5 0.0 X 191637 0 47126 Dawn C Fanfelle VP/Human Resources & Training 38.5 0.0 X 125078 0 44694 Frank J Gentile SVP/Chief Underwriter 38.5 0.0 X 184948 0 35620 Janet M Friesenhahn VP/Interim Director of Sales 38.5 0.0 X 112064 0 39136 Scott D Brant SVP/Information Technologies 38.5 0.0 X 178257 0 58693 Tricia D Michalek VP/Operations 38.5 0.0 X 125644 0 12502 Joseph Michael Belz FORMER PRESIDENT 0.0 0.0 X 980331 0 33000 2667530 0 356114 11 true true false Wellington Management Company LLP 75 State Street Boston MA 02109 Investment Mgmt 887752 EUGENE N SMART 5889 S Braeswood Blvd Houston TX 770963909 Agent 374786 Sapiens Americas Corporation PO Box 17182 Palatine IL 60055 Consulting 342469 Computer Solutions PO Box 1847 San Antonio TX 782971847 Consulting 328994 JAMES E TIRRES 1635 NE Loop 410 Ste 401 San Antonio TX 78209 Agent 246702 13 0 INS. PREMIUMS & ANNUITY CONSIDERATIONS 524114 56537205 56537205 0 0 0 0 56537205 54735900 54735900 689366 1525841 -836475 0 -836475 -836475 131942755 132965310 -1022555 0 -1022555 -1022555 AMORTIZATION OF IMR 524114 448990 448990 0 0 0 0 448990 109863065 56537205 0 53325860 129808871 1093677 4665890 41317 752271 407045 91416 100848 547496 844014 237403 407771 1472506 192319 175285 117986 518986 351121 158308 DECREASE IN POLICY RESERVES -37287450 COMMISSIONS 1922020 BRANCH FUNDINGS 244718 FRATERNAL EXPENSE & DONATIONS 163357 457118 107484293 11269084 15922778 13284353 16027536 0 0 0 0 5787550 6091607 16991512 11683996 5369444 5307516 1200082475 1168932754 29285793 21336915 0 33108 33313 1265111807 1233652419 2061229 1580175 0 0 1148721037 1116185926 1150782266 1117766101 X 114329541 115886318 114329541 115886318 1265111807 1233652419 X 2378772 -876451 54456 X false true true false 12076618 7198566 4878052 3728891 3484714 244177 1186003 1000716 185287 5307516 Federal Income Taxes AGGREGATE RESERVES FOR ACCIDENT 577 LIABILITY FOR DEPOSIT-TYPE CONTRACTS 16979850 CONTRACT CLAIMS - LIFE 17993380 CONTRACT CLAIMS - ACCIDENT & HEALTH 10892 PREMIUMS AND ANNUITY CONSIDERATIONS 967808 CONTRACT LIABILTIES NOT INCLUDED ELSEWHERE 1583405 UNEARNED INVESTMENT INCOME 208945 AMOUNTS WITHHELD OR RETAINED BY SOCIETY 81321 REMITTANCES AND ITEMS NOT ALLOCATED 8866 LIABILITY FOR BENEFITS FOR EMPLOYEES 759605 MISCELLANEOUS LIABILITIES - ASSET VALUATION RESERVE 10765119 AGGREGATE WRITE-INS FOR LIABILITIES 90449 AGGREGATE RESERVES FOR LIFE 1066735709 1116185926 109730935 1721628 1721628 108009307 1853758 1853758 109863065 106329609 0 0 106329609 1154684 1154684 107484293 Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 REAL ESTATE AND INVESTMENT EXPENSE RECLASSES - 1721628 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements NET LOSS FROM THE SALE OF ASSETS - 1853758 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements REAL ESTATE AND INVESTMENTS EXPENSE RECLASSES - 1154684 X X true true X X X X true true false Joseph Michael Belz FORMER PRESIDENT 82946 0 126419 0 770966 0 33000 0 0 0 1013331 0 0 0 Christopher Michael Belz President/CEO 325000 0 20950 0 10266 0 31906 0 1147 0 389269 0 0 0 Colleen Z Berger SVP/CFO 216045 0 18305 0 1732 0 23700 0 28590 0 288372 0 0 0 John Michael Luksa SVP/Director of Sales - END 06/01/24 91705 0 98323 0 1609 0 24850 0 22276 0 238763 0 0 0 Scott D Brant SVP/Information Technologies 162268 0 12669 0 3320 0 18254 0 40439 0 236950 0 0 0 Frank J Gentile SVP/Chief Underwriter 172171 0 11045 0 1732 0 18652 0 16968 0 220568 0 0 0 Dawn C Fanfelle VP/Human Resources & Training 118259 0 5825 0 994 0 13435 0 31259 0 169772 0 0 0 Janet M Friesenhahn VP/Interim Director of Sales 103686 0 5997 0 2381 0 10970 0 28166 0 151200 0 0 0 Schedule J, Part I, Line 1a Travel for companions A companion may travel with employee to business function. Cost of Companion is paid by employee unless there are events within the business function suggesting the companion attend. If so, one-half of cost is paid by employee. Schedule J, Part I, Line 1a Health or social club dues or initiation fees SOCIAL CLUB DUES ARE PAID FOR USE BY PRESIDENT/CEO FOR NETWORKING. EXPENSES RELATED TO PERSONAL USAGE ARE REIMBURSED BY PRESIDENT/CEO. Schedule J, Part I, Line 4a Severance or change-of-control payment JOSEPH MICHAEL BELZ RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $486,213 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan JOSEPH MICHAEL BELZ RECEIVED A PAYMENT OF $247,100 FROM A NONQUALIFIED DEFERRED RETIREMENT PLAN Form 990, Part VI, Line 6 Classes of members or stockholders The organization has members. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The organization has members who may elect one or more members of the governing body. The decisions of the governing body are subject to approval by the members. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL BY THE MEMBERS. FOR EXAMPLE, PROPOSED CHANGES TO THE BYLAWS ARE BROUGHT BEFORE THE DELEGATES, WHO REPRESENT THE MEMBERSHIP, FOR APPROVAL AT BI-ANNUAL CONVENTIONS. Form 990, Part VI, Line 11b Review of form 990 by governing body An outside firm completes the Catholic Life Insurance Form 990 based on information provided by the CLI Accounting Department. Once complete, a detailed review of the specific amounts within the return are reviewed by the CFO. Form 990, Part VI, Line 12c Conflict of interest policy Each officer and director is required to complete a conflict of interest form annually. The President/CEO reviews each form. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Board of Directors determine the compensation of the President/CEO. The Compensation Committee of the Board reviews the most recent LOMA Executive Compensation Survey. Included in this survey are salary comparisons of fraternal benefit societies and other comparable companies within various positions and company size. The Compensation Committee reviews and submits a recommendation for salary and performance bonus of the President/CEO to the Board of Directors for approval. Compensation Committee recommendations are discussed by the entire Board of Directors and actions taken are documented in the Board meeting minutes. These Board meeting minutes are kept in the home office. The most recent compensation review was in March 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees Recommendations of compensation to be paid to all officers are submitted by the President/CEO to the Compensation Committee for their review and submission to the Board of Directors for approval. Compensation recommendations for officers are based on the most recent LOMA Executive Compensation Survey. Compensation Committee recommendations are discussed by the entire Board of Directors and actions taken are documented in the Board meeting minutes. These minutes are kept in the home office. The most recent compensation review was in March 2024. Form 990, Part VI, Line 19 Required documents available to the public The governing documents, conflict of interest policy, and financial statements are available from the home office to the public upon request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN NON-ADMITTED ASSETS - -1791420; CHANGE IN ASSET VALUATION RESERVE - 546906; AGGREGATE WRITE-INS FOR GAINS AND LOSSES IN SURPLUS - 1120869; OTHER CHANGES - 178101; Total - 54456; FORM 990, PART XII ACCOUNTING METHOD THE FINANCIAL STATEMENTS OF CATHOLIC LIFE INSURANCE ARE PRESENTED ON THE BASIS OF ACCOUNTING PRACTICES PRESCRIBED AND PERMITTED BY THE TEXAS DEPARTMENT OF INSURANCE. (TDI) THE TDI RECOGNIZES ONLY STATUTORY ACCOUNTING PRACTICES PRESCRIBED OR PERMITTED BY THE STATE OF TEXAS FOR DETERMINING AND REPORTING THE FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF AN INSURANCE COMPANY, FOR DETERMINING ITS SOLVENCY UNDER THE TEXAS INSURANCE LAW.